RE: Glitch or not ???I spoke to 3 different brokers about today's situation - all 3 said that it's very likely that someone who already owns shares saw the positive news, and went to buy a big lot at market, and put a sell order instead of a buy. Another possibility is that they wanted to sell and instead of putting in a bid at $6.39 let's say, they put in a large market order that cleaned out a bunch of bids, thus causing some capitulation and panic. This doesn't happen often, which makes it scary for us to see. I certainly hope this is the case.
The other option to speculate that this is an insider of some sort who feels/knows the deal isn't going through. Only problem is, that would be pure insider trading and they'd be an idiot to just dump something in such an obvious way and think there would be no recourse for their actions from the OSC.
I expect to see some sort of press release later tonight confirming some details.